I-T Dept issues ₹26,276 cr refunds in 2 months of FY

I-T Dept issues ₹26,276 cr refunds in 2 months of FY22


I-T Dept issues ₹26,276 cr refunds in 2 months of FY22
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The Income Tax Department announced that it has issued tax refunds to the tune of ₹26,276 crore to more than 15.47 lakh taxpayers during the first two months of financial year 2021-22.
While the tax department did not specify the year the refunds were issued for it is believed that they were related to the tax returns filed for the financial year 2019-20.
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"CBDT issues refunds of over ₹26,276 crore to more than 15.47 lakh taxpayers between 1st April, 2021 to 31st May, 2021," the Income Tax Department informed in a tweet.

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